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Japan goes long on myanmar

Japan is playing a central role in assisting Myanmar’s ongoing financial reforms and attempts to achieve industrialisation. Japan is interested in Myanmar from both an industrial and a financial perspective, while Burmese officials see Japan as a natural partner for financial cooperation. Japan’s public–private assistance for financial development in Myanmar emerged in a Financial Services […]

Thilawa multipurpose international Terminal Open ceremony held

Opening ceremony for Thilawa Multipurpose international Terminal at Plot No. 25 and 26 in Thilawa, was held Thilawa Multipurpose International Terminal Co., Ltd hall yesterday morning. Union Minister for Transport and Communications, U Thant Sin Maung and Union Minister for Planning and Finance, U Soe Win and officials look around the current status of terminal […]

KDDI, Sumitomo push games biz to Myanmar

Japanese mobile operator KDDI and conglomerate Sumitomo detailed plans to enter Myanmar’s fast-growing mobile gaming sector through an existing joint venture. In a statement, the operator said the pair plan to jointly operate a mobile game publishing business through FunCreate Myanmar, a subsidiary of their Singapore-based joint venture FunCreate. The businesses are assembling “a repertoire” […]

Taste for Western Diet Reshapes Trade in Myanmar

The arrival of a large cargo of American wheat at Myanmar’s newly opened port signals its leap into the global grain trade as the country’s demand for Western food rises. The bulk carrier New Journey offloaded 22,000 metric tons of U.S. dark northern spring wheat last week at the International Bulk Terminal Thilawa near the […]

High-speed train system to appear in Yangon soon

Yangon is the largest economic centre across the country and its transport systems are also essential to economic activities and quality of life of its people. At a time when Yangon is making strenuous efforts to develop a world-class metropolitan, urban public transportation plays a leading role for enabling travelling people to move from one […]

Steel rails for Yangon-Mandalay railroad arrive at Yangon Port

The Myanma Railway is making efforts to ensure efficient rail transport with the help of the country’s development partner Japan. As part of the collaboration, steel rails for laying alongside the Yangon-Mandalay railroad were brought in from Japan and unloaded at Yangon Port yesterday. “In the afternoon on 1 May, 2,800 tons of steel rails […]

Yangon’s mass rapid transit to receive Japan aid

The Japanese government will provide overseas development assistance for the Yangon Urban Mass Rapid Transit (YUMT) project, according to Japanese Ambassador Ichiro Maruyama. The Ministry of Transport and Communication (MOTC), with help from Japan International Cooperation Agency (JICA), drafted the development plan for Yangon’s urban transport from 2016 to 2035. The project, also known as […]

Japan insurers enter Myanmar in joint-venture frenzy

TOKYO/YANGON — Five Japanese insurers have teamed up with local players to enter Myanmar’s fledgling insurance market, looking to provide such products as annuities and automobile policies to a largely uninsured population. The Myanmar government announced in January that foreign insurance companies would be allowed offer products in the country, either on their own or […]

Hantharwady International Airport back on radar

The Department of Civil Aviation (DCA) will conduct a field study on the construction of Hantharwady International Airport in Bago, according to deputy director U Zaw Min on March 21, during a meeting on crop compensation for farmers living within the vicinity of the project site. The US$1.5 billion project will be fully funded by […]

Good growth potential for gum crop

The Japanese and Chinese governments have signed agreements to buy gum sterculia from Myanmar. The agreements were signed in Myaing township, Magway Region, on March 9. Gum sterculia, also known as gum karaya or Indian gum tragacanth, is a vegetable gum produced by trees of the genus Sterculia. The gum is used as a thickener […]